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October 30, 2017 5:11 pm

Weekend Is Over: Pump Prices Deflate

Monday, February 4, 2013 @ 4:00 AM

Signs along 15th Avenue proclaimed the new pump price last night

Prince George, BC – It’s been a crazy ride for Prince George motorists over the past week as far as prices at the pump go…

At the start of last week, most stations were selling regular for 114.7 per litre, with some stations down to 113.9.  That price jumped as the weekend drew closer, hitting a peak of 124.9 by Friday afternoon.

By last night – relief – as prices fell four cents to 120.9, but probably not before you’d already filled up for the week ahead.

According to the Canadian Centre for Policy Alternatives’ Gasoline Price Gouge Meter, Prince George motorists should be paying $1.16 per litre of regular unleaded gasoline, based on the today’s crude oil price of $97.54 USD per barrel and the fact the Canadian Dollar is at par with the US.

 

Comments

Sure, grab every nickle they can then lower it four cents. What about going back the ten cents total it went up? Not likely they have to pad their pockets and rob the consumer.

The bench mark price of $97.54 can be used but in fact Alberta crude is being discounted by 50% for sale into the USA simply because their is more crude than the pipe lines can handle and as well as a resurgence of crude being pumped in the USA.

Are we getting the screws put to us once again by big oil and gov’t…….you bet we are.

Free Trade my ass, it’s time us Canadians build our own refineries, quit giving our natural rescourses away to the mega powers like the U.S.A.and stand on our own to keep our prices on fuel where the normal Canadian cn afford to travel when we retire. I have a small m/h and it gets 15mpg, and can hardly afford to take it to the lake in the summer. So I travel by motorcycle. I’m retired, and everything is paid off, but still find it hard to enjoy my summers.

Price fixing. Supposed to be illegal in our free market society. Still is except when it serves the gov’t interests and fills the coffers.

Vancouver and other lower mainland stations go up and down daily depending on when you drive. They raise the prices in the morning to nail the morning commute.

The Vancouver price mentioned above is oddly low. Every other community with the same taxation (ie Burnaby, Surrey, the Tri-City area) are mostly selling at $1.35/litre this morning.

Read the other day that Redford wants Alberta crude and bitumen to flow east to Ontario, Quebec, and New Brusnwick so it will benefit eastern Canada. Se claimed this will help bring down the price of gas for eastern Canadians! What a crock, when you consider that yesterday, the price of gas in PG was more than it is in Ottawa and we’ve got a refinery right in our back yard!
Our politicians are clearly delusional.

According to the Canadian Centre for Policy Alternatives’ Gasoline Price Gouge Meter, Prince George motorists should be paying $1.16 per litre of regular unleaded gasoline,

Now subtract the carbon tax scam, what do you have.

The US pays less for the oil out of Alberta because where else can it go? They the boss right now.

Wait, I thought they only raised prices before long weekends? Whatever happened to that theory?

JohnnyBelt: They rase it the weekend before a long weekend to avoid the preception that there is a long weekend at the same time they jack up the prices. I’ve been noticing that over the last few years, especially the May long-weekend.

By jacking up the prices a week before, they can say they are not raising the prices on a long weekend.

Ah, that’s the problem. I don’t think like a conspiracy theorist.

a pattern is a pattern, you can call it what you want johnnyboy, but anyone who doesn’t think the monopoly, called big oil, is trying to take advantage of people every chance they get is the delusional one. A don’t give the same old same old spout about supply and demand because you wouldn’t have the wild fluctuations you have if that was the case.

The gas stations could raise prices to $2.00 tomorrow and you would still be out there buying it.

This is why I own oil stocks.

That’s ok because its all just a coincidence theory. A coincidence that Americans pay half what we pay for our own resources because we pay world market prices, and Americans pay actual market prices. Also a coincidence that prices spike before a long weekend and all stations go up by the same amount.

Coincidence or conspiracy, or maybe both.

I noticed a week ago the Chevron stations in town were all 6-cents a liter more than some of the other stations like Canadian Tire… after the five cents back at Canadian Tire it worked out to almost a ten cent spread. Sure wish we could see more of that.

heard a while ago that the base price of fuel cannot go below the USA base price due to the free trade deal. Taxes and fees are added ontop of this making it more expensive then US fuel prices.

Wow a lot of misinformation here today by a few posters. I’ve said it before and I’ll say it again got proof? How about adding a link to whatever you claim to be the truth.

Resident, the 50% discount claim is something I would really like to see some proof of.

You see I make my living from oil and as such I follow the markets very very closely. The oil they get from the tar sands is a lower quality than say the oil from the Bakken formation and thus it does sell for a lower price per bbl but only very slightly, usually it’s within 3 dollars of Bakken oil.

Now that that’s out of the way……….

If you don’t like the price of fuel don’t drive!

I see plenty of big pickups driving around this town and I’ll wager some of you drive them every day, my question is, Do you actually use them?

I too had a pickup and when I thought about it I wasn’t really using it at all so I sold it and bought a car. I also have a motorhome, I take it out to the lake and I leave it there and use my car to go out to the lake till it’s time to bring the motorhome back home.

This is all market drivin people and if you want the price to go down you are going to have to use less fuel and or get the govt to lower the taxes on it.

Bang on Bilyinpg. People get upset when they’re reminded they’re not entitled to low gas prices. There are plenty of things people can do if they don’t like the price of gas, but they don’t want to hear that.

jonnyBelt
Is it your nature to disagree with everybody else or what… do you have to drive everyday? People have to get to work, and don’t tell me to drive smaller vehicles we live up north we need our trucks,plus its right in front of your eyes these oil companies are gouging us, plain and simple.

But what do you care…you have stocks in oil right!

So you do think you need that big 4×4 to get around in this snowy North Country.
all I ever had was a 2 wheel drive Van, as a service Truck and I have been to every Back Road People live, yes a 4×4 would have been nice, but I did not own the Company so you drive what they give you.
Super store Duncan 107.9, PG allways rips you off, nothing has changed in my 36 Years living here.

People in the oil business would naturally support the industry.

Hows this for a statement. **If you dont like the price of food, dont eat**

The fact of the matter is the service stations (oil companies) in Prince George have been gouging the people of Prince George on gas prices for years. There is no logical explanation for PG to pay more than other areas, other than greed.

So lets quit pretending it is some big commodity venture on the world market. Thats all horse s..t. What it is, is price gouging pure and simple.

Not one of our week kneed politicians in North Central BC has ever spoken against the high cost of fuel, and how it effects the economy of the North. What do we pay these guys for??? Photo Ops??

Filled up in cache creek yesterday @ 1.09 a litre, yes people drive cars in cache creek too.

johnnypg: “Is it your nature to disagree with everybody else or what… do you have to drive everyday? “

I do have a tendency not to follow the mob mentality. And yes, I drive every day. I know lots of people who drive SUV’s and 4 x 4’s because they ‘like them’, not because of any particular need. I don’t have a problem with it, just don’t bit** about the price of gas.

Palopu: “Not one of our week kneed politicians in North Central BC has ever spoken against the high cost of fuel, and how it effects the economy of the North.”

Why would they? It is not the role of government to dictate which is an appropriate level of profit in the oil industry. Not that you’d even get consensus on that.

It’s their job to say something about price fixing….did the gas in the underground tanks suddenly cost ten cents a liter more? Did they all refill those tanks on the same morning with more expensive fuel?

It is more than clear that the prices we are being charged have absolutely no connection to the price of crude, supply and demand or any other legitimate reason. It’s price fixing and gouging period.

JohnnyBelt. The reason they keep their mouths shut is because they are part of the problem. The Government makes more money everytime the price of gas rises.

The price of fuel, and fuel taxes, are a big part of the cost of doing business in the North. It effects everything from the cost of food, to the cost of house construction etc;

I am not against any business making a profit, however when they get into gouging then it is a different story. Problem is there is no effective way to stop them, especially because of their monopoly position.

The Government however can do some things to make the situation better. As an example they could have a realistic look at price fixing, and if applicable lay the appropriate charges, however since the Government is part of the problem, rather than the solution I dont expect anything to be done.

So again I ask. What do we pay these people for?? Photo ops??

“….did the gas in the underground tanks suddenly cost ten cents a liter more?”

When gas prices went down last month did the underground tanks suddenly LOSE value? :)

Interceptor–is doesn’t matter because that has no bearing on the prices we are being charged, apparently you missed the point?

The old argument of “I need a truck to live in the north” is a monster pile of bovine infused fertilizer, unless you live somewhere where snow-removal doesn’t exist.

I drove my Toyota Echo in PG for 10 years without a single hiccup.

Don’t confuse your want for a need. Very few actually “need” those gas guzzling grunts for day-to-day purposes.

“gas prices are only $1.249 in vanouver”

Look again. I drove though there a few hours ago and they were 10 cents higher.

They are also up south of the border …. must be a canadian-usa collusion …. LOL

When gas prices become such a topic of conversation, one can be sure that we are having some supply demand issues …..don’t know which it is, maybe one, maybe both ….. we should be getting used to it by now.

I paid $3.69/US gal this morning. That was not the cheapest around, but cheaper than the next station which was charging $3.99 …. both prices were for cash/debit … $3.79 if using credit card. The small business association (or something like that) have determined that is the extra money the service stations have to pay to support credit cards and they are ready to go to the supreme court for that against the creidt card monopolies.

For those who think service stations are ripping us off, think again …. as in think banks. Remember the Merchant of Venice from HS?

Pylot–everyone doesn’t live in a duplex downtown. If you can get by with a tiny little car, all the power to you. Some of us need trucks and we can determine that for ourselves thank you.

1.149 here in Sidney today…..

Ten foot 2×10’s really fit in Toyota Echo hey Pylot Project!

But then again,you get them delivered or you borrow a truck…right!

“So lets quit pretending it is some big commodity venture on the world market. Thats all horse s..t. “

really? quit pretending that oil is some big comodity on the world marke?
ummmmm

Interceptor. What I meant was lets quit pretending that the price of gas at the local service stations in Prince George that are historically higher than anywhere else is BC, are because of the world markets. Thats BS.

The higher prices are because of **GOUGERS**

Where are the “Idle No More” protesters when we really need them? It seems to me that most reserves are remote and it would behoove the chiefs and myriad social workers to cry about high gas and diesel prices if it were really an out of pocket expense. If those jokers really wanted to galvanize public opininion they would grasp the low-hanging fruit. You’re welcome.

Jim… where did I say I lived in a duplex? I owned a house just like everybody else does. Not sure what the size of housing has to do with owning a truck but that’s your fantasy I suppose.

JonnyPG… ever heard of renting a truck for a day? NIce try though.

Keep the lame excuses coming. I need more amusement.

So sorry that you don’t have any recreational activities Pylot, try putting a camper on your toy car!

I have plenty of recreational activities Jonny, but thanks for caring about me.

But with your comment, you just proved my point for me. That would be a WANT not a NEED. Here’s the difference…

If your job requires you to pack around a pile of expensive tools in a jockbox day-in, day-out, then you NEED a truck.

If you are using a truck to pull a 5th wheel or a trailer with a couple of sleds on it, then that is a WANT. You don’t need either of them to sustain yourself, and without them the truck becomes moot.

If you think you require a big truck for your recreational toys, then the price of gasoline (and increases) should have been factored into that lifestyle choice. If not, then you made a poor financial decision if it starts to affect the more important things in life.

It’s like installing a hot tub, and then boo-hooing when BC Hydro and/or Teresan increase their rates. If you can afford the truck (and toys) you should be able to withstand the gasoline increases comfortably. If not, then the truck was outside of your financial situation.

If everybody wants to own a truck, go ahead. What ever floats your boat. I just get really sick and tired of the moaning and groaning when the price goes up a nickel per litre, especially when they have no problem owning a gas guzzler, buying $2 bottles of water and sipping a $5 latte (for example).

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